RE:RE:RE:RE:NSR paid out so far… $3,366,327Hi petersburggray.
Happy to respond to your post that everything would have been much different if there was no NSR paid to Mr Hinse.
First of all you should understand that if the NSR had not been paid to Mr Hinse it would have been paid to Canuc co instead(owner before 2001).
The final result would have been the same to Abcourt bottom line(like i mentionned many times in the past).
If Mr Hinse bought for Abcourt instead of for his own co, there could have been a different conclusion.
Like i have also quoted in the past, was Abcourt in a financial position to purchase the 2% NSR.
The same questions could also apply to all others Abcourt properties today (should we buy all the NSR now or blame Mr Hinse for not buying when it was possible.).
If Abcourt only solution was to not pay the 2% NSR on Elder to anybody then we would have been in bankrupcy even before the Elder mine opened .
Much of the revenue after the NSR was directed to Sleeping Giant mine opening(even when all negative posters about the NSR on Elder was the only discussion on this board) .
Please come up with the net revenu after the NSR was deducted and what was directed to advancing all other project.
Let's stop beating a dead horse and start contributing to ABCOURT Advancement.
Fernand